Strong Stand Against China's Economic Coercion
The United States has unequivocally stated that it "won't tolerate" China's effective embargo on purchases of Micron Technology's memory chips, as per US Commerce Secretary Gina Raimondo's remarks this past Saturday. China's actions have been described as "economic coercion," prompting the US to work closely with allies to counter this strategy.
Opposition Towards China's Action Against Micron Technology
During a press conference following the U.S.-led Indo-Pacific Economic Framework discussions, Raimondo expressed the US government's firm opposition to China's actions against Micron Technology. These disruptive tactics directly affect this leading semiconductor manufacturer, listed as MU on NASDAQ.
The Case of Micron: Economic Coercion or Unfair Practice?
Raimondo further stated that China's moves "target a single US company without any basis in fact," clearly implying that this is economic coercion of a blatant nature. She emphasized that we will not tolerate such conduct, nor is it expected to be successful in the long run. The US's strong stance highlights the gravity of this situation and indicates escalating trade tensions between the two economic giants.